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Affordable Housing - The Growth Engine of Indian Realty Sector

In cities like Gurgaon where housing or realty sector plays
a crucial role in terms of business as well as the demand which never gets
reduced, Affordable Housing has become a trend and notably termed as "The
Growth Engine of Realty Sector".

Affordable Housing is a kind of housing where
middle class and lower middle class can afford to buy a new home, preferably in
a eco-friendly surrounding. The Affordable housing got a huge popularity among
people in most of the cities and is likely to create a drastic change in trend
of housing policies of the Government.

While speaking about Gurgaon city, One of the best and most
popular affordable housing property will be OSB Golf Heights Sector 69Gurgaon. Builder Giant Company “ OSB Buildtech has built this affordable
housing property with all the approvals from HUDA, RERA, CREDAI and so on. Most
interesting thing is that OSB Golf heights is recognised by Haryana Affordable
Housing Scheme, 2013.

Like
Past, Affordable housing is likely to show its dominance in real estate sector
even in 2018 as already several developers found a genuine and the
opportunities it created which has led by greater profits.

With
eyeing huge profits in this market, the established developers are keen to
expand their business.At present some big names in realty sector are catering
to the ultra-luxury segment, looking to focus mainly on the compact, efficient
and stylish boutique homes for buyers which is going to be a trend and a hot
topic of the town which furtherly expected to gain momentum.

Having
all regulatory and taxation policies of Real Estate Act, 2016, and Goods &
Services Tax coming into picture,the realty sector is going to be stable and
makes the sales a bit more standard

Speaking
to the Media Executives, Honorable Managing Director Anshul Jain of Cushman
& Wakefield- India said that “ Year 2017 was a reason for the stability of
the realty sector especially due to affordable housing projects.

The sector is
likely to continue aligning itself to end users’ demands well into 2018.” He
also added that “ As RERA has a great
vision in certifying these projects will going to create a positive vibe as
investments will be legally protected with honest and committed to timely
delivery developers.”

Rajesh
Krishnan honorable CEO of Brick Eagle addressed that “The timeline flow of
money flowing in the current scenario is too higher in affordable housing
compared to other several conventional real estate as most units are sold
prepaid before being constructed. So there is a risk adjusted returns for
investors.

With
Affordable Housing Project PM of India,Narendra Modi’s plan of building homes for all by 2022 is set to boost
the economy by $1.3 trillion and will create a 60 million new houses and over 2
million jobs annually which all termed under PMAY.

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The realty segment in India has
experienced soaring prices making it difficult for the middle income groups to
own a house of their dream. To bridge the vast gap between the growing demand
and constant supply of affordable housing, the government of India has taken
some substantial measures. The Budget 2018 has announced a scheme ‘housing for
all by 2022’ giving away various incentives to the developers as well as
investors for the affordable housing projects under the scheme.
In a millennium city like
Gurgaon, prices of the property are touching new heights making it unviable to
invest in any residential project. To tackle the situation, OSB – a pioneer in
realty segment has come with OSB Golf Heights Affordable Housing Project in Sector 69, Gurgaon.

After the grand
success of their first project - OSB Expressway Towers Gurgaon, their upcoming
project is covered under Haryana Affordable housing Policy 2013 offering world…